Panamanian Balboa lebanese pound exchange rate history (PAB LBP) December 2023

Panamanian Balboa lebanese pound history for December 2023. The highest quote for this month is 15384.6 (04/12/2023) and the lowest 15349.7 (11/12/2023). The difference between high and low is 0.23.

PAB LBP average rate for December 2023 is 15262.85, the change between 01/12/2023 and 31/12/2023 is +0.06 %.

01 December 2023	1 PAB = 15344.90 LBP
02 December 2023	1 PAB = 15000.00 LBP
03 December 2023	1 PAB = 15000.00 LBP
04 December 2023	1 PAB = 15344.60 LBP
05 December 2023	1 PAB = 15413.60 LBP
06 December 2023	1 PAB = 15353.90 LBP
07 December 2023	1 PAB = 15360.80 LBP
08 December 2023	1 PAB = 15298.70 LBP
10 December 2023	1 PAB = 15000.00 LBP
11 December 2023	1 PAB = 15348.40 LBP
12 December 2023	1 PAB = 15343.10 LBP
13 December 2023	1 PAB = 15349.00 LBP
14 December 2023	1 PAB = 15359.60 LBP
15 December 2023	1 PAB = 15354.90 LBP
16 December 2023	1 PAB = 15000.00 LBP
17 December 2023	1 PAB = 15000.00 LBP
18 December 2023	1 PAB = 15344.00 LBP
19 December 2023	1 PAB = 15344.40 LBP
20 December 2023	1 PAB = 15368.10 LBP
21 December 2023	1 PAB = 15375.80 LBP
22 December 2023	1 PAB = 15353.40 LBP
23 December 2023	1 PAB = 15000.00 LBP
24 December 2023	1 PAB = 15000.00 LBP
25 December 2023	1 PAB = 15341.20 LBP
26 December 2023	1 PAB = 15351.50 LBP
27 December 2023	1 PAB = 15325.70 LBP
28 December 2023	1 PAB = 15348.00 LBP
29 December 2023	1 PAB = 15336.20 LBP

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes

Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa currency.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

15/10/1941: First Issue of Panamanian Balboa Banknotes

The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.

01/10/1941: Introduction of the Balboa as Legal Tender

The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.

01/10/1908: Creation of Panamanian Currency Board

The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.

01/01/1907: Use of US Dollar in Panama

The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.

18/11/1904: Panama Canal Construction Begins

The construction of the Panama Canal started, which would later lead to the need for a national currency.

Historic Panamanian Balboa Lebanese pound